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Success in the soft market will be had when careful preparation meets opportunity.
The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
Rate pressure on wind and quake partially offset overall Q3 programs growth.
The Insurance Insider US news team runs you through the earnings results for the day.
The London-based executive will relocate to Daytona Beach, Florida.
The broker is understood to manage Brown & Brown’s account at Howden.
The business is beginning to integrate following a $9.8bn acquisition.
The executive has been serving as COO since February.
The move includes One80 Intermediaries, formerly part of Risk Strategies.
Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
The Risk Strategies parent company had also been the subject of bids from Marsh and Howden.
Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
The broker posted a 6.5% drop in organic growth YoY.
Some E&S business is flowing back to the admitted market but so far it is “anecdotal”.
This is its second significant wholesale acquisition this year following the $54mn takeover of NBS.
The Insurance Insider US news team runs you through the earnings results for the day.
Weatherbys Hamilton provides private client, bloodstock and farm coverage.
The broker is targeting run-rate synergies of $150mn by the end of 2028.
The $10bn acquisition of Risk Strategies is the biggest broker deal relative to size we have seen.
The acquirer will carry out a ~$4bn equity placement to help finance the transaction.
Sources said that negotiations are proceeding well with a path to do a cash deal.
Q1 was the ninth consecutive quarter of below-average deal volume.
The Insurance Insider US news team runs you through this week’s key agency M&A.
It will be tough to pull off prior goals despite management assurances.
The firm acquired total assets of $65mn and assumed liabilities of $11mn.
Competitor news
Competitor news
Competitor news
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Sources said the executive will report to Julian Pratt in South Florida. -
The Marsh-placed account renews its all-risks cover on 16 November.
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Marsh is also suing a second tier of former Florida leaders.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The executive will fill the role previously held by Howden’s Figliozzi.
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CEO Greg Case said data center demand could generate over $10bn in new premium volume in 2026.
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The broker grew earnings per share by 12.1% during the quarter.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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Gallagher said that the firm is ready to engage in large deals again after the acquisition of AP.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The broker will join Ron Borys’ financial lines team.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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Property insurance rates declined by 9%, the same as in the prior quarter.
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Sources said that the executive will join the reinsurance brokerage next year, after his garden leave expires.
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WTW’s Jessica Klipphahn will take over as head of North America mid-market.
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Ben Hanback joins from Aon, where he spent almost a decade.
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How do struggling governments across the globe tackle stagnating economic growth?
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In Partnership with Swiss ReThe global construction industry continues to expand, says Jimmy Keime, Head of Engineering and Nuclear, for Swiss Re.
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